The Return of Bolt, Subsidies Also Attractive

Save up to 15.5 million KRW when you purchase

Chevrolet New Bolt EV (left) and first electric SUV Bolt EUV

[Asia Economy Reporter Choi Dae-yeol] The Bolt is back. The global brand Chevrolet of General Motors (GM) recently confirmed the resumption schedule of its North American factory, and the representative electric vehicle is expected to be delivered to domestic customers in South Korea starting from the second quarter of this year.

Along with the new model of the Bolt EV, first introduced in 2017, there is the Bolt EUV, Chevrolet’s first electric sports utility vehicle (SUV) in over 100 years. GM, which has set a mid- to long-term goal of ‘Triple Zero’?eliminating carbon emissions, collisions, and congestion?considers these strategic models.

The biggest competitive advantage is the price. The new Bolt EV is priced at 41.3 million KRW. According to this year’s revised zero-emission vehicle purchase subsidy policy, if you receive substantial support, you can purchase it for between approximately 25.8 million KRW and 32.3 million KRW. The Bolt EUV, with a sticker price of 44.9 million KRW, can be purchased for between the low 30 million KRW range and 36 million KRW.

Electric vehicle subsidies are divided into national subsidies and local subsidies, and are provided differentially depending on vehicle price and performance. This year, vehicles priced over 85 million KRW are excluded from subsidy eligibility, while those under 55 million KRW can receive the maximum subsidy depending on performance. The maximum national subsidy this year is 7 million KRW, and local subsidies range from 2 million KRW to 8.5 million KRW depending on the region. Combining subsidies, you can save roughly between 9 million KRW and up to 15.5 million KRW. Local subsidies may run out quickly. The highest local subsidy is 8.5 million KRW in Naju, Jeollanam-do, while Seoul offers 2 million KRW.

The Bolt EV and EUV are equipped with LG Energy Solution’s new 66 kWh large-capacity battery pack with a new battery module. They can travel up to 414 km and 404 km on a single charge, respectively. The maximum output is 204 horsepower, and the maximum torque is 36.7 kg·m. Both interior and exterior designs have been revamped, and safety and convenience features have been improved. The number of airbags has increased from six to ten, and there are features such as wireless smartphone charging, wireless phone projection supporting Apple CarPlay and Android Auto wireless connection.

This content was produced with the assistance of AI translation services.